[Federal Register Volume 68, Number 58 (Wednesday, March 26, 2003)]
[Notices]
[Page 14743]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-7302]


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DEPARTMENT OF THE TREASURY

Departmental Offices


Delegation of Authority to the Director, Office of Foreign Assets 
Control

AGENCY: Departmental Offices, Treasury.

ACTION: Notice.

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DATES: Treasury Department Order 100-15 became effective on March 20, 
2003.
SUMMARY: On March 20, 2003, the Secretary of the Treasury issued 
Treasury Department Order 100-15 in order to delegate to the Director, 
Office of Foreign Assets Control, subject to any terms and conditions 
that the President or Secretary might prescribe, the authority to 
perform any and all acts incident to the accomplishment or furtherance 
of an order vesting property as directed in the Executive order signed 
by the President dated March 20, 2003, ``Confiscating and Vesting 
Certain Iraqi Property,'' or by the Secretary pursuant to that order.

SUPPLEMENTARY INFORMATION: The text of Treasury Department Order 100-15 
follows.

    Dated: March 21, 2003.
Richard S. Carro,
Senior Advisor to the General Counsel, (Regulatory Affairs).

Treasury Department Order No. 100-15

    Delegation to the Director, Office of Foreign Assets Control, 
subject to any terms and conditions that the President or Secretary 
of the Treasury may prescribe, the authority to perform any and all 
acts incident to the accomplishment or furtherance of an order 
vesting property as directed in the Executive order signed by the 
President dated March 20, 2003, ``Confiscating and Vesting Certain 
Iraqi Property,'' or by the Secretary of the Treasury pursuant to 
that order.

Treasury Department, Washington, DC, March 20, 2003.

    In the Executive order signed by the President dated March 20, 
2003, ``Confiscating and Vesting Certain Iraqi Property,'' the 
President vested in the United States Department of the Treasury all 
right, title, and interest in blocked funds held in the United 
States in certain accounts in the name of the Government of Iraq, 
the Central Bank of Iraq, Rafidain Bank, Rasheed Bank, or the State 
Organization for Marketing Oil. In that order, the President also 
authorized me to take additional steps to carry out the purposes of 
the order.
    By virtue of the authority vested in the Secretary of the 
Treasury, including the authority granted by 31 U.S.C. 321(b) and by 
the Executive order signed by the President dated March 20, 2003, 
``Confiscating and Vesting Certain Iraqi Property,'' I hereby 
delegate to the Director, Office of Foreign Assets Control, subject 
to any terms and conditions that the President or I may prescribe, 
the authority to perform any and all acts incident to the 
accomplishment or furtherance of an order vesting property as 
directed in the Executive order signed by the President dated March 
20, 2003, ``Confiscating and Vesting Certain Iraqi Property,'' or by 
me pursuant to that order.

John W. Snow,
Secretary of the Treasury.
[FR Doc. 03-7302 Filed 3-25-03; 8:45 am]
BILLING CODE 4810-25-P